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ECONOMETRICS AND ARMS RACES: A CRITICAL REVIEW AND SOME EXTENSIONS *
Author(s) -
RATTINGER HANS
Publication year - 1976
Publication title -
european journal of political research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.267
H-Index - 95
eISSN - 1475-6765
pISSN - 0304-4130
DOI - 10.1111/j.1475-6765.1976.tb00544.x
Subject(s) - econometrics , race (biology) , context (archaeology) , estimation , econometric model , sample (material) , lag , arms race , economics , computer science , sociology , geography , economic history , gender studies , computer network , chemistry , management , archaeology , chromatography
ABSTRACT Recent years have witnessed an increasing use of econometric analysis in arms race studies. The present article reviews this past and the potential future contribution of econometrics to arms race research and concludes that so far the main impact of the new approach has been on efforts at parameter estimation. Therefore, a number of problems typically arising in the application of econometric techniques to the estimation of arms race models from empirical time series data are discussed, and the need for a thorough investigation of the small‐sample properties of the results of common procedures is demonstrated. Finally, the considerable potential of econometrics for refining current arms race models is illustrated in the context of asymmetric response and distributed lag hypotheses.